Research on this question is unambiguous: We don’t know what’s going on. Let’s start with the causes of the current labor shortage. But this is an opportunity, not a crisis. With the latter, the opposite is likely to be true: The labor scarcity we’re experiencing is real. And second, that the shortage will harm the economy.īoth claims are wrong. First, that the labor shortage is caused by government benefits that discourage work. There are two supposed problems, they allege. Suffice to say that there are plenty of reasons to explore a trade career, and pay scales are going up as well.Many employers are alarmed about the current labor shortage - the phenomenon of a labor market with more job openings than unemployed workers. An episode PBS Newshour includes interviews with a plumbing contractor who tells of his plumbers making more than $100,000 a year, up to $200,000.In the Covid era, even fewer foreign workers, legal or illegal, are crossing U.S. One statistic I read said that their numbers dropped from over 70,000 in 2016 to 44,000 in 2017. Still another factor is a sharp decline in the number of foreign workers, especially from Mexico, employed in construction.A survey by the Associated General Contractors found that 38% of its members had to increase base pay rates to attract and retain workers.An annual ManpowerGroup Talent Shortage survey finds that the skilled trades top the list year after year of jobs U.S.A Wall Street Journal article from last June found that new hires in the construction industry declined by 107,000 even as job openings increased by 23,000. A survey of builders found that around two-thirds of NAHB members report shortages of plumbers, HVAC technicians and electricians.
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